EuroStoxx - VGA - Bearish consolidation first
Hey the "whale calves" - following the nice bullish move on Stock Indices - in Europe mainly, the market needs to take a breath. Ideally, it should take place on the current level, to shape a bearish consolidation in a wave 4/ (Elliott waves prospective), before resuming the rise. The market is currently testing the upper end of its red channel, also corresponding to Fib. extentions. The short term RSI is posting a bearish divergence, showing the exhaustion of the bullish dynamic. "Play" the correction, or "wait to buy the dip". Stay Safe! Have Fun!
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